Mumbai, 10th May 2022: The Central Bureau of Investigation is today conducting searches at 08 locations including at Jammu, Srinagar & Mumbai at the premises of then members of Estate Committee of the Board of Directors including then Chairman of J&K Bank, then Directors, then Executive Director. Incriminating documents, articles & electronic evidences, several bank account details and bank locker keys have been recovered during searches.
CBI had registered a case on 11.11.2021 on the allegations of irregularities in purchase of Akruti Gold building for Rs. 180 crore (approx) by J&K Bank for its integrated office at Mumbai in 2010. The said case was referred by J&K Government. CBI had also conducted searches earlier at various locations including at Mumbai, Hyderabad and Kolkata.
Investigation is continuing.